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1st October 2015, Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank) and Southern Commercial Joint Stock Bank (Southern Bank) sign the formal handover to fully merge Southern Bank into Sacombank with the witness of leaders from the State Bank of Vietnam (SBV) and the Ho Chi Minh City Stock Exchange (HOSE). The merger was approved by the SBV in accordance with statement No.1844/QĐ-NHNN issued on 14th Dec 2015. Sacombank has received all assets, personnel, network and data as well as the rights, obligations and legal interests of Southern Bank. All rights and responsibilities for customers, partners and shareholders of the Banks are assured and continued to execution. The process would not interrupt daily operation of the two banks; and also inherit and promote the achievements of Southern Bank; as well as helping post-merger bank to successfully accomplish those schemes approved by both banks’ General Meeting of Shareholders.

​HCMC, 13th August 2015: The State Bank of Vietnam (SBV) issued Official Letter No. 6066/NHNN-TTGSNH on 12th August 2015 regarding to approve the principle of merging between Southern Bank and Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank) as proposed by Sacombank’s Chairman; and, required both Southern Bank and Sacombank are responsible to complete those related documents  as prescribed in Circular No. 04/2010/TT-NHNN of the SBV dated 11th February 2010 in which regulate the merger, consolidation or purchase the credit institution; there after submit to the SBV Governor considering for approval.

HCMC, 5th August 2015: Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank) organized blood donation program for staffs at Head Office, Subsidiaries, Branches / Transaction point in HCM City reagion. Sacombank and Red Cross has organized the campaign “Sacombank – Sharing from the Heart” in 48 provinces across the country where Sacombank branches operating. On that day, there was nearly 1,000 blood units donated by more than 400 Sacombank staffs in HCMC region.

​Vientiane, August 3rd, 2015:  Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) completely upgraded its locally incorporated entity in Laos’s capital Vientiane. Saigon Thuong Tin Bank Laos Ltd. (Sacombank Laos) is established under the approval of the Central Bank of Laos and the State Bank of Vietnam is a wholly foreign-owned bank in Laos. The establishment is marking a new milestone of Sacombank in Laos as well as in Indochina. Thus, network system of Sacombank is currently 428 transaction points which the number of transaction points in Vietnam is 417 branches located in 48 over 63 provinces and cities, one wholly foreign-owned bank and 7 branches in Cambodia and one wholly foreign-owned bank and 2 branches in Laos. 

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Updated at 08:56, 13/10/2015
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